Cornish Metals Inc.

Since commissioning the South Crofty Mine Water Treatment Plant last October, we have pumped and treated approximately 2.5 million cubic metres/two billion five hundred million litres of mine water – this is the equivalent of 1,000 Olympic-sized swimming pools, or for those that live locally, it is comparable to treating half the volume of Stithians Reservoir!⁠ ⁠ Over the last 10 months, we have intercepted and removed the following quantities of metal from solution, ensuring they do not enter the Red River:⁠ ⁠ - 100 tonnes of iron⁠ - 12 tonnes of manganese⁠ - 4 tonnes of arsenic⁠ ⁠ The images demonstrate the improvement in water quality in the Red River before treatment commenced (picture 2) and 6 months after the treatment plant has been operational (picture 1).⁠ ⁠ The mine dewatering programme and associated treatment process is just one component of our wider commitment to minimising the impact of South Crofty on the environment and our community.⁠ ⁠ #watertreatment #cleanwater #sustainability #community #southcrofty #cornwall⁠

Cornish Metals has entered into a binding agreement with @ElementalAltusRoyalties for the sale of the royalty on the #Mactung and #Cantung tungsten projects located in Northern Canada for a total cash consideration of US$4,500,000. https://lnkd.in/gMzQem5r Ken Armstrong, Interim CEO: “The sale of the Mactung and Cantung royalties follows Cornish Metals’ recently announced sale of the Nickel King project and further demonstrates our priority and focus on advancing the Company’s wholly owned and fully permitted #SouthCrofty #tin project, in the UK, towards commencement of production in 2027.”

Understanding the Importance of Tin in the Energy Transition In this episode, we're diving into the critical role of #tin in the energy transition with Fawzi Hanano, Chief Development Officer at Cornish Metals. Fawzi breaks down what tin is and why it's considered a crucial metal in today's push towards sustainable energy. Learn how Cornish Metals is positioning itself to contribute to the sustainable supply of tin, a key component in modern technology. Don't miss this insightful discussion that sheds light on tin's pivotal role and why it matters for the future of energy. Tune in to discover how tin is powering change and how Cornish Metals is at the forefront of this exciting journey. https://lnkd.in/gYFyyja6

Shaft refurbishment work and dewatering continues at South Crofty. Last week saw the delivery of our Phase 2 shaft work platform, which will enable us to speed up the replacement of the old shaft timbers in New Cooks Kitchen shaft with new steel guides. For the last 8 weeks our crews have been working from the recently installed main cage to remove old timbers, scale, mesh and re-bolt the top section of the shaft. The new platform will stay in the shaft and provide a safe, stable work platform, working its way down from the collar to the very bottom, 770 metres below. The platform is accessed and serviced by the existing main cage, which is used to transport personnel and equipment down to the platform and bring the old timbers out. Really great work by the whole team at South Crofty, the platform arrived on Thursday last week and was installed and commissioned in just 4 days. Thanks also to @IME Consultants (IMEC) for designing and fabricating the platform and @SIEMAG TECBERG UK Limited for designing and commissioning the communication systems and main cage modifications.

We're thrilled to kick off our new video series 🚀 Going forward, we will be sharing videos around an Introduction to Cornish Metals and the role of tin in the energy transition. In our first episode, Ken Armstrong, Interim CEO of Cornish Metals, provides the introduction of the company and dives into its mission and market positioning. https://lnkd.in/gJgszMsp #CornishMetals #Tin #TinMining #SouthCrofty

We have entered into a binding letter of intent with Northera Resources Ltd. for the sale of our 100% interest in the Nickel King project for a total consideration of up to C$8 million. So we can focus our efforts on advancing our fully permitted South Crofty #tin project, in the UK, towards a construction decision while retaining exposure to any future exploration success at Nickel King.

Critical minerals, and the clean technology and energy sources they enable present a generational economic opportunity. Earlier this week Canada published its updated list of #critical minerals, and it retains all 31 minerals from the 2021 list (which includes #tin) and adds 3 additional minerals. https://bit.ly/3Rre8Ts Critical minerals are the foundation on which modern technology is built upon. They’re used in a wide range of essential products, from mobile phones and solar panels to electric vehicle batteries and medical applications.

We are looking for a Mine Electrician to join our team at #southcrofty in #Cornwall. The main dewatering pumps at South Crofty are operational, and with the water level lowering in the mine, the focus is now on accessing the deep underground workings, using and refurbishing the historic New Cooks Kitchen Shaft. The newly commissioned sheeve wheels on the iconic headframe are turning once again, hoisting the main conveyance required to access the workings with personnel and materials. Currently, approximately 2km of mine workings are actively operated and accessed from the Tuckingmill Decline. These workings are being utilised for our ongoing feasibility study works, including ongoing diamond drilling programmes. Maintaining and operating these workings requires ongoing electrical support, which will increase considerably as we dewater more of the mine workings. Significant new infrastructure has been installed to enable access to the deep workings of the mine, including a new 11kv network, a new single drum winding engine, an emergency egress winder, and two cages. These upgrades and developments require a competent and motivated electrical team to install, manage, maintain, and repair our systems on-site in a safe and efficient manner. For more information and to apply, check here: https://bit.ly/45nCvr9

Please join us for our virtual corporate update on June 4 at 9.30am PST/5.30pm UK time. Register here: https://bit.ly/3VnVDSv

Full PEA Report for #SouthCrofty #Tin Project has been filed and can be found here: https://bit.ly/3wFM5sw o US$201 million after-tax NPV8% and 29.8% IRR o 3-year after-tax payback o Total after-tax cash flow of US$626 million from start of production #mining #miningfortin #cornwall